FILE - In this June 6,2018, file photo, a motorcyclist rides past the Bank Negara Malaysia in Kuala Lumpur, Malaysia. Malaysia's central bank reduced its key overnight policy rate by 0.25 percentage points to 2.5% on Tuesday, March 3,2020, citing worsening economic conditions from the virus outbreak in a growing number of countries. The central bank said it expects economic growth to be stunted in this quarter as tourism and consumer spending take a hit from weaker demand. (AP Photo/Sadiq Asyraf, File)
PETALING JAYA: The central bank has increased the allocation for a special fund targeting small and medium-sized enterprises (SMEs) by an additional RM4bil to RM13.1bil, while making the facilities under the fund cheaper and accessible to businesses.
In a statement yesterday, Bank Negara said the enhancement is to help SMEs sustain their business operations and preserve jobs.
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